by briesterer | Mar 2, 2022 | Tax & Accounting
While not all mistakes on tax returns cause delays in refunds, as the April 18 deadline approaches, taxpayers are advised to steer clear of the common tax return errors listed below to ensure a timely refund. Not Using Electronic Filing While this isn’t...
by briesterer | Feb 4, 2022 | Tax & Accounting
Everyone wants to save money on their taxes, and retirees and older adults are no exception. If you’re 50 or older, here are six tax tips that could help you do just that. 1. Standard Deduction for Seniors If you and your spouse are 65 years old or older and you do...
by briesterer | Feb 3, 2022 | Tax & Accounting
When COVID-19 struck, many employers quickly switched to a work-from-home model for their employees. Many of them began working in a state other than where their office was located. While some workers have returned to their offices, as the pandemic drags on, more...
by briesterer | Feb 1, 2022 | Tax & Accounting
If you’ve gathered your tax documents and are ready to tackle your tax return, there’s one more step you should take: becoming familiar with what’s new on the 2021 Form 1040. While the format of Form 1040 and its schedules remain similar to 2020, there are several...
by briesterer | Jun 18, 2021 | Tax & Accounting
Qualifying for Tax Breaks for a Dependent Parent For many families, the tables may turn, and adult children provide financial support for their parents. For example, you might have moved your in-laws from a long-term care facility into your home during the pandemic...
by briesterer | Jun 18, 2021 | Tax & Accounting
Do You Owe the Nanny Tax? The COVID-19 pandemic has changed the dynamics of many households. In most cases, schools stopped or limited in-person instruction, causing many children to engage in at-home learning. Some families moved disabled adult children or seniors...
